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Portugal jobless rate unchanged at 6.1% in October - flash estimate

Published 30/11/2022, 11:34
© Reuters. FILE PHOTO: A woman walks past a wall with graffiti saying "We demand our wages" in Alhos Vedros, Portugal, May 11, 2015. To match PORTUGAL-UNEMPLOYMENT/ REUTERS/Hugo Correia

(Reuters) - Portugal's monthly unemployment rate remained unchanged at 6.1% from the previous month, the National Statistics Institute (INE) said in its flash estimate on Wednesday.

The labour underutilisation rate slightly rose to 11.4% from revised 11.3% in the previous month.

© Reuters. FILE PHOTO: A woman walks past a wall with graffiti saying

The youth unemployment rate (16 to 24 years old) fell to 17.6% in October, from revised 18.7% in the previous month and from 22.1% a year ago.

(This story has been corrected to fix the second paragraph to say labour underutilisation slightly rose and did not remain the same as previously stated)

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